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Help me with this someone please

Help me with this someone please-example-1

1 Answer

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Answer: $1.5

Step-by-step explanation:Given : Lehana and Marty each opened a savings account with a deposit of $100

Thus, Principal amount is same for both P= $100

Time t=3 years

Rate of interest for Lehana r_1=2.5\%=0.025

Rate of interest for Marty r=2\%=0.002

Difference between the simple interest = S. I. for Lehana- S.I. for Marty

=Pr_1t-Pr_2t\\= Pt(r_1-r_2)\\=100\cdot3(0.025-0.02)\\=300(0.005)=1.5

Hence, Lehana receive $1.5 more in interset than Marty after 3 years.

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